Investors Home Mortgage-ihm Rates, Fees & Info

Millburn, NJ

LEI: 549300Y6FZ3K9OD86C55

Tax ID: 22-1368780

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Investors Home Mortgage-ihm is a smaller mortgage company specializing in Home Purchase loans. They have a a high proportion of FHA loans. Their top markets by origination volume include: New York, Allentown, Trenton, and Philadelphia among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Investors Home Mortgage-ihm has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Investors Home Mortgage-ihm is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    Originations

    32

    Origination Dollar Volume (All Markets)

    $8,240,000

    Awards

    Investors Home Mortgage-IHM FHA Loans gold Investors Home Mortgage-IHM FHA Loans silver
    Show all (2) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 26 $6,720,000 $258,462 $8,659 4.48%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 3 $835,000 $278,333 $9,574 4.46%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 2 $450,000 $225,000 $8,187 4.88%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $235,000 $235,000 $8,919 4.75%
    Investors Home Mortgage-ihm's top markets include New York, Allentown, Trenton, and Philadelphia among others.

    Their top states include:
  • New Jersey (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Investors Home Mortgage-IHM based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    N C P D Federal Credit Union
    Similarity Rank: 55
    Bogota Savings Bank
    Similarity Rank: 63
    Union County Savings Bank
    Similarity Rank: 66
    GARDEN SAVINGS FEDERAL CREDIT UNION
    Similarity Rank: 80
    Freehold Savings Bank
    Similarity Rank: 120
    The Atlantic Federal Credit Union
    Similarity Rank: 120
    Blue Foundry Bank
    Similarity Rank: 125
    Investors Home Mortgage-IHM
    Similarity Rank: 156
    GREATER ALLIANCE
    Similarity Rank: 231
    Nassau Educators Federal Credit Union
    Similarity Rank: 248

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    FHA 32 $8,240,000 $257,500 $8,723 4.51%

    For 2018, Investors Home Mortgage-ihm's most frequently originated type of loan was FHA, with 32 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 30 $7,790,000 $259,667 $8,804 4.49%
    Refi 1 $215,000 $215,000 $7,885 4.63%
    Cash Out Refi 1 $235,000 $235,000 $7,135 5.00%

    For 2018, Investors Home Mortgage-ihm's most frequently cited loan purpose was Home Purchase, with 30 originations. The 2nd most popular reason was Refi, with 1 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 32 $8,240,000 $257,500 $8,723 4.51%

    For 2018, Investors Home Mortgage-ihm's most frequently cited loan duration was 30 Year, with 32 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 29 $7,645,000 $263,621
    $2k-3k 3 $595,000 $198,333

    Investors Home Mortgage-ihm's average total fees were $8,723, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 29 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 26 $7,090,000 $272,692
    3-4% 4 $860,000 $215,000
    5-6% 2 $290,000 $145,000

    During 2018, Investors Home Mortgage-ihm's average interest rate for loans was 4.51%, while their most frequently originated rate bucket for loans was 4-5%, with 26 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 21 $6,115,000 $291,190 $9,442 4.50%
    $100k-200k 9 $1,475,000 $163,889 $6,740 4.46%
    $100,000 or less 1 $95,000 $95,000 $5,150 5.25%
    $400k-600k 1 $555,000 $555,000 $15,044 4.50%

    2018 saw Investors Home Mortgage-ihm place emphasis on $200k-400k loans with 21 originations, totaling $6,115,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 10 $2,790,000 $279,000 $9,377 4.46%
    $50k-75k 8 $1,710,000 $213,750 $7,910 4.44%
    $50k or less 5 $825,000 $165,000 $6,414 4.63%
    $150k-250k 4 $1,660,000 $415,000 $11,963 4.53%
    $75k-100k 3 $865,000 $288,333 $9,492 4.54%

    Investors Home Mortgage-ihm lent most frequently to those with incomes in the $100k-150k range, with 10 originations. The second most popular income band? $50k-75k, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 8 $1,830,000 $228,750 $8,045 4.47%
    46% 5 $1,545,000 $309,000 $10,074 4.48%
    50-60% 4 $780,000 $195,000 $7,021 4.63%
    43% 3 $1,025,000 $341,667 $10,424 4.75%
    20-30% 2 $590,000 $295,000 $9,751 4.69%
    47% 2 $510,000 $255,000 $8,323 4.25%
    41% 1 $285,000 $285,000 $9,098 4.63%
    44% 1 $175,000 $175,000 $7,792 3.75%
    45% 1 $215,000 $215,000 $7,885 4.63%
    37% 1 $95,000 $95,000 $5,150 5.25%
    48% 1 $235,000 $235,000 $8,164 3.88%
    38% 1 $335,000 $335,000 $10,282 4.50%
    36% 1 $285,000 $285,000 $9,810 4.38%
    39% 1 $335,000 $335,000 $10,727 4.63%

    Investors Home Mortgage-ihm lent most frequently to those with DTI ratios of 30-36%, with 8 originations. The next most common DTI ratio? 46%, with 5 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 23 $5,885,000 $255,870 $8,674 4.42%
    Not provided 5 $1,395,000 $279,000 $9,216 4.63%
    Black 3 $605,000 $201,667 $7,446 5.04%
    Asian 1 $355,000 $355,000 $11,223 4.50%

    Approval Rates

    Total approvals of all applications
    79.91%

    Investors Home Mortgage-ihm has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    -1,425.00%

    Investors Home Mortgage-ihm has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 32 $8,240,000 $257,500

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 32 $8,240,000 $257,500

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1 $155,000 $155,000 $6,247 4.50%
    60-80% 2 $710,000 $355,000 $11,251 4.50%
    80-100% 29 $7,375,000 $254,310 $8,634 4.51%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    IMPAC MORTGAGE HOLDINGS, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 6.7%
    IMPAC MORTGAGE HOLDINGS, INC. Conventional home mortgage Closing on a mortgage 1 6.7%
    IMPAC MORTGAGE HOLDINGS, INC. Conventional home mortgage Struggling to pay mortgage 1 6.7%
    IMPAC MORTGAGE HOLDINGS, INC. Conventional home mortgage Trouble during payment process 6 40.0%
    IMPAC MORTGAGE HOLDINGS, INC. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 2 13.3%
    IMPAC MORTGAGE HOLDINGS, INC. Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 6.7%
    IMPAC MORTGAGE HOLDINGS, INC. Other type of mortgage Trouble during payment process 1 6.7%
    IMPAC MORTGAGE HOLDINGS, INC. VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 6.7%
    IMPAC MORTGAGE HOLDINGS, INC. VA mortgage Trouble during payment process 1 6.7%